Market Research Future (MRFR) studied the global dried fruits market 2020 through the review period till 2026. As per MRFR study, the dried fruits market is expected to rise at 4.41?GR thorough the analysis period from 2020 to 2026. By 2026, the dried fruits market value can rise at USD 9,081.70 Mn. The availability of modern water content extraction technologies from fruits and the spreading awareness about high nutrient concentration of dried fruits are observed as major causes that are likely to promote the dried fruits market in the study tenure. The rise in intake of dried fruits among the expanding fitness populace due to their high antioxidants, fiber, calories, and vitamins content that can offer then optimal energy for a day is identified as a significant cause to boost sales of dried fruit market products.
The upscaling demand for dried fruit market in the bakery and confectionery sector due to the inclination of millennial towards baked food items can promote the market. In addition, the growing demand for dried fruits assorted dairy and frozen desserts, sweet and savory snacks, beverages, and breakfast cereals among people can add to the market upsurge. Changes in lifestyles and food consumption trends, surge in demand for processed foods, such as bread, rolls, cakes, biscuits, doughnuts, breakfast cereals, and pastries due to their convenience, and hike in per capita annual incomes, and rise in spending capacity are other causes that are expected benefit the market. On the contrary, the drying process contributes to lose of some volatile nutrients due to high heat.
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Key Market Players
Market Research Future recognizes
National Raisin Company (US), Traina Foods (US), Red River Foods Incorporated (US), Kiantama Oy (Finland), Sunbeam Foods Pty Ltd (Australia), Sun-Maid Growers of California (US), Dole Food Company Inc (US), Bergin Fruit and Nut Company Inc. (US), and Lion Raisins Inc (US), Paradise Fruits (Germany) are some top-notch companies in the global dried fruits market that are listed by MRFR.
The segment study of the global dried fruits market is based on the basis of application, type, and category. The type-based segments of the global dried fruits market are raisins, apricots, berries, figs, and dates among others. The raisins segment is identified to be the largest market share by 2026. The increasing cultivation of raisins and the presence of manufacturers across different regions can favor the dried fruits market in the study period. The increasing consumption of resins in cooking, brewing, and baking can add to the market impetus. Dried raisins aid in better digestion, keep bones strong, and boost iron levels in humans, which, in turn, can contribute to the market rise in the study period. The berries segment is expected to rise at high pace through the forecast tenure.
The category-based segments of the dried fruits market are organic and conventional. The conventional segment is expected to garner decent revenue by 2026. MRFR findings states that the organic segment is likely to thrive at the highest CAGR across the analysis period.
The application-based segments of the dried fruits market are beverages, bakery and confectionery, breakfast cereals, dairy and frozen desserts, and sweet and savory snacks among others. The bakery and confectionery segment is expected to surge at considerable growth rate The growing demand and sales for sweet and savory snacks is anticipated to benefit the global dried fruits market in the coming years. The breakfast cereals segment is expected to exhibit a higher CAGR in the review term.
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The regional study of the global dried fruits market is studied for Asia-Pacific, North America, Europe, and the Rest of the World. The Middle East region is expected to secure the highest share of the global market due to the presence of a huge consumer base of dried fruits. The region is observed to provide the most lucrative growth scope for new dried fruit manufacturers. In Europe, the dried fruit market is likely to thrive owing to shift in consumption patterns of people and surge in the demand for healthier snacking. The availability of different types of dried fruits in the region can prompt EU market rise. APAC dried fruits market is expected to garner substantial turnover owing to the increasing consumption of instant beverages, such as; tea and coffee. MRFR’s regional assessment reveals Asia Pacific dried fruits market is expected to expand at 4.63?GR during the assessment period.
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